iShares S&P Small-Cap 600 Value ETF Forecast
iShares S&P Small-Cap 600 Value ETF downgraded to Sell Candidate
(Updated on May 17, 2024)
The iShares S&P Small-Cap 600 Value ETF price fell by -0.137% on the last day (Friday, 17th May 2024) from $102.01 to $101.87. During the last trading day the ETF fluctuated 0.561% from a day low at $101.59 to a day high of $102.16. The price has risen in 6 of the last 10 days and is up by 3.19% over the past 2 weeks. Volume fell on the last day along with the ETF, which is actually a good sign as volume should follow the ETF. On the last day, the trading volume fell by -51 thousand shares and in total, 147 thousand shares were bought and sold for approximately $14.95 million.
The ETFis at the upper part of a horizontal trend and normally this may pose a good selling opportunity but a break-up through the top trend line at $102.11 will give a strong buy signal and a trend shift could be expected. Given the current horizontal trend, you can expect iShares S&P Small-Cap 600 Value ETF with a 90% probability to be traded between $93.50 and $101.63 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and ETFS seldom manage to go directly from the bottom of a trend up to the top. ETFS turning up in the middle of a horizontal trend are therefore considered to be potential runners. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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IJS Signals & Forecast
The iShares S&P Small-Cap 600 Value ETF holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $101.50 and $98.53. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Wednesday, May 15, 2024, and so far it has fallen -0.255%. Further fall is indicated until a new bottom pivot has been found. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for iShares S&P Small-Cap 600 Value ETF
iShares S&P Small-Cap 600 Value finds support from accumulated volume at $98.95 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This ETF is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the ETF moved $0.570 (0.561%) between high and low. For the last week, the ETF has had daily average volatility of 0.87%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (IJS) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect iShares S&P Small-Cap 600 Value ETF to open at $101.87, and during the day (based on 14 day Average True Range), to move between $100.50 and $103.24, which gives a possible trading interval of +/-$1.37 (+/-1.35%) up or down from last closing price. If iShares S&P Small-Cap 600 Value ETF takes out the full calculated possible swing range there will be an estimated 2.69% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $102.13 (0.26%) than the support at $98.95 (2.87%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is iShares S&P Small-Cap 600 Value ETF ETF A Buy?
iShares S&P Small-Cap 600 Value holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this ETF. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this ETF since the last evaluation from a Hold/Accumulate to a Sell candidate.
Current score: -1.387 Sell Candidate Downgraded
Predicted Opening Price for iShares S&P Small-Cap 600 Value ETF of Monday, May 20, 2024
| Fair opening price May 20, 2024 | Current price |
|---|---|
| $101.87 ( 0.0033%) | $101.87 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for IJS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 102.44 | 0.563 % | |
| R2 | 102.23 | 0.349 % | ||
| R1 | 102.09 | 0.217 % | ||
| Current price: | 101.87 | |||
| Support | S1 | 101.66 | -0.210 % | |
| S2 | 101.52 | -0.343 % | ||
| S3 | 101.30 | -0.556 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 102.76 | 0.87 % | |
| R2 | 102.37 | 0.491 % | ||
| R1 | 102.13 | 0.255 % | ||
| Current price | 101.87 | |||
| Support | S1 | 98.95 | -2.87% | |
| S2 | 98.62 | -3.19% | ||
| S3 | 96.40 | -5.37% |
IJS Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 21, 2024 | Mar 21, 2024 | Mar 27, 2024 | $0.365 | 0.356% |
| 2 | Dec 20, 2023 | Dec 20, 2023 | Dec 20, 2023 | $0.218 | 0.217% |
| 3 | Nov 25, 2022 | Sep 26, 2023 | Oct 02, 2023 | $0.523 | 0.595% |
| 4 | Jun 06, 2023 | Jun 07, 2023 | Jun 13, 2023 | $0.394 | 0.415% |
| 5 | Nov 25, 2022 | Mar 23, 2023 | Mar 29, 2023 | $0.330 | 0.360% |
FAQ
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